Phuoc Vien Buddist Temple Inc

Analysis

Phuoc Vien Buddist Temple Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Phuoc Vien Buddist Temple Inc reported income of $71k and spending of $32k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $91k to $71k (-22%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phuoc Vien Buddist Temple Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Central Kansas Prison Ministry Inc ($71k), Peace Proclamation Ministries International Inc ($71k) and Kingdom Mercy Ministries International ($71k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $590k against liabilities of $0, net assets of $590k.